Stock price decline following J Capital Research report
Company: Hut 8
The claim, verbatim
On January 18, 2024, following publication of J Capital Research article revealing misstatements and omissions regarding the Merger, the Company's stock price fell $2.16 per share (23.3%) from $9.28 on January 17 to $7.12 on January 18 on abnormally high trading volume.
Source (primary)
Thompson v. Leverton — Entry #8: FILING ERROR - DUPLICATE DOCKET ENTRY - COMPLAINT against Joseph Flinn, Asher Genoot, Alexia Hefti, Michael Ho, Hut 8 Corp., Jamie Leverton, Stanley O'Neal… (RECAP (purchased via PACER), court_filing)
View cached copy (2026-09-25)Live source ↗
Quote: “On this news, the Company's stock price fell $2.16 per share, or 23.3%, from closing at $9.28 per share on January 17, 2024, to close at $7.12 per share on January 18, 2024, on abnormally high trading volume.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The complaint states the price drop, dates, closing prices and high volume exactly as claimed, and ties the drop to the J Capital Report. That the report 'revealed' misstatements is the plaintiff's characterization; the complaint also says the report 'alleged' them.
Confirmed in the source:
- J Capital Research published an article about the Merger on January 18, 2024
- The complaint characterizes the J Capital Report as revealing the truth about the Merger, including alleged misstatements and omissions
- Hut 8's stock price fell $2.16 per share, or 23.3%
- The stock closed at $9.28 per share on January 17, 2024
- The stock closed at $7.12 per share on January 18, 2024
- The decline occurred on abnormally high trading volume
What we did: Read our cached copy of RECAP (purchased via PACER) (https://storage.courtlistener.com/recap/gov.uscourts.nysd.618845/gov.uscourts.nysd.618845.8.0.pdf) in full (109,654 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Thompson v. Leverton — Entry #8: FILING ERROR - DUPLICATE DOCKET ENTRY - COMPLAINT against Joseph Flinn, Asher Genoot, Alexia Hefti, Michael Ho, Hut 8 Corp., Jamie Leverton, Stanley O'Neal…
Quote: “On this news, the Company's stock price fell $2.16 per share, or 23.3%, from closing at $9.28 per share on January 17, 2024, to close at $7.12 per share on January 18, 2024, on abnormally high trading volume.”